Today, Hasbro Inc. (HAS) Earns Hold Rating from Jefferies Group

Today, Hasbro Inc. (HAS) Earns Hold Rating from Jefferies Group

Jefferies Group reissued their hold rating on shares of Hasbro Inc. (NASDAQ:HAS) in a report issued on Thursday morning. Jefferies Group currently has a $82.00 price objective on the stock.

Other analysts have also issued reports about the stock. Vetr lowered shares of Hasbro from a buy rating to a hold rating and set a $88.94 price objective on the stock. in a report on Monday, June 20th. Zacks Investment Research lowered shares of Hasbro from a buy rating to a hold rating in a report on Tuesday, July 12th. Piper Jaffray Cos. upgraded shares of Hasbro from a neutral rating to an overweight rating and set a $88.00 price objective on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. MKM Partners restated a hold rating and issued a $84.00 price objective on shares of Hasbro in a report on Tuesday, July 12th. Finally, Barclays PLC reduced their price objective on shares of Hasbro from $91.00 to $89.00 and set an equal weight rating on the stock in a report on Tuesday, July 19th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Hasbro has a consensus rating of Hold and an average price target of $86.90.

Shares of Hasbro (NASDAQ:HAS) opened at 81.82 on Thursday. The company has a market capitalization of $10.26 billion, a PE ratio of 21.44 and a beta of 1.00. The stock has a 50 day moving average of $79.71 and a 200-day moving average of $82.66. Hasbro has a 12-month low of $64.91 and a 12-month high of $88.53.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, October 17th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.74 by $0.29. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts predict that Hasbro will post $4.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is 53.40%.

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in shares of Hasbro during the second quarter worth about $115,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock worth $124,000 after buying an additional 645 shares during the period. Global X Management Co. LLC increased its position in shares of Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock worth $131,000 after buying an additional 1,235 shares during the period. Pacer Advisors Inc. increased its position in shares of Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock worth $173,000 after buying an additional 366 shares during the period. Finally, National Asset Management Inc. acquired a new position in shares of Hasbro during the second quarter worth about $203,000. 76.78% of the stock is owned by hedge funds and other institutional investors.

Hasbro Company Profile

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